Technological Innovations Enable GMX Resources, Inc (NASDAQ: GMXR) to Grow Reserves While Hedging Strategies Insulate Their Earnings

Technological innovations at Oklahoma-based GMX Resources, Inc. have allowed the company to cut costs while boosting production. The results are an 80% production growth rate for natural gas over the past five years, and a 64% growth in reserves over the same time. On the financial side, the company recently raised $69 million by issuing common equity shares while boosting profits with hedging strategies formulated to mitigate the effects of a fickle marketplace. The combination of financial insulation and advancing technology make GMX a contender for rebound in the lagging energy market. To read the full article by Korina Cornish, go to page 73 of the digital magazine.  

GMX was recently featured alongside FX Energy, Inc. (NASDAQ: FWEN), Doral Energy Corp (OTCBB: DEGY), EnerJex Resources, Inc. (OTCBB: ENRJ) and Continental Resources, Inc. (NYSE: CLR) in the September 2009 issue of EQUITIES Magazine.

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